Finance-Accounting
Consultant Bruce Vande Steeg has found creating a vibrant farm business starts with the leadership.
Shay Foulk shares six ways to mitigate loss and plan to pilot through tough years.
What’s the most challenging thing about running a legacy brand? “The biggest challenge is being pigeonholed. Everyone expects us to recreate the past, but the future doesn’t look like what we were,” Lamar says.
The latest barometer, which is based on an economic sentiment survey of 400 agricultural producers each month, recorded a reading of 114 – down 1 point compared to a month earlier.
According to Shuring, what may be considered equal doesn’t always make sense when the succession plan involves family members who actively work on the farm, and others who do not.
Periods of profitability and loss come in waves and Shay Foulk is sharing three key things to do in 2024 to make the best of it.
Following a few turbulent years that included a pandemic, rapid inflation, rising interest rates, a supply chain meltdown and high input costs, agriculture is hoping to find softer soil as it marches through mid-decade.
Farm income is expected to drop notably from last year alongside lower revenues and higher expenses, but remain well above the historic average.